Metal Powder Products LLC (MPP), a Mill Point Capital portfolio company based in Westfield, Indiana, USA, has acquired NetShape Technologies Inc., a leading manufacturer and solutions provider of MIM and PM components headquartered in Floyds Knobs, Indiana.
Dennis McKeen, President and CEO of MPP, stated, “The combination of MPP and NetShape creates a global leader in powdered metal manufacturing. The combined company’s increased scale and capabilities will provide our customers with unmatched quality and service.”
“MPP and NetShape are a perfect fit from a business perspective,” commented Dax Whitehouse, CEO of NetShape. “The two businesses strongly complement each other, and we look forward to building upon our respective strengths.”
“The NetShape acquisition provides MPP with key strategic additions such as MIM capabilities and a Chinese manufacturing footprint,” said Chuck Spears, Executive Chairman of MPP. “The combination reflects MPP’s continued focus on investments that drive value for customers and enhance the company’s culture of quality and reliability.”